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Recruiting

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What is the difference between internal and external growth strategies?
The difference between internal and external growth depends on how the company wants to achieve their goals. Internal growth is when a company will promote from within their current ranks to fill a new or existing position. As the company grows, more positions become available to meet the needs of the company. To keep the company growing, internal growth appears to be more successful because the company is promoting long term relationships with their current employees. External growth is when a company hires applicants from outside the organization to fill current vacancies. There are times when a company must look to external candidates to fill a position due to experience and educational requirements for the job to be successfully completed.
What staffing problems do each of these present?
When a company experiences growth, they also experience problems. When the company needs to fill new vacancies and they hire internally, this leaves positions that were already filled vacant. These vacancies need to be filled to keep operations running smooth. When there are no available internal applicants available, the company must turn to external applicants to fill the entry level positions. The problems company’s face with external growth is having brand new employees joining the organization. The company does not yet know the full intentions of the employee and how long they will stay.
If I owned a company that was experiencing rapid growth, I would definitely focus on internal promotion before I would even consider external hiring. I want to promote the employees that have been dedicated and committed to my company, which shows that they are appreciated as an employee and I am confident in their abilities to move

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